Sweden's SCA, Australia's PEP to Float Joint Venture in Sydney

Consumer Products Business Asaleo Care's Listing Targets Raising Up to US$639 Million

By

Robb M. Stewart

Updated June 2, 2014 9:41 a.m. ET

Pacific Equity Partners and partner Svenska Cellulosa AB aim to raise up to 690 million Australian dollars (US$642 million) through an initial public offering of toilet-paper-and-diapers maker Asaleo Care Ltd., the latest exit from an investment by the private-equity firm.

The companies plan to list the venture on the Australian securities exchange late this month, selling shares at between A$1.55 and A$1.80 each, according to a...